Copperbelt Energy Corporation Plc, EnergyApril 3, 2020

An autopsy of the death of the CEC – ZESCO BSA
31 March 2020 was a day of high expectations in the energy and mining sectors. A big announcement which potentially would change the complexion of the two sectors in Zambia was being awaited. The proclamation that came however was received with mixed reactions by the players in the two sectors and the general public. Zesco […]

Copperbelt Energy Corporation Plc, EnergyApril 1, 2020

CEC announces the end of its 23-year power purchase contract with ZESCO
The Lusaka Securities and Exchange-listed supplier of electricity to the Copperbelt mining companies, CEC Plc, has announced the end of its long term power purchase agreement with the national electricity utility effective 31st March 2020 bringing an end to a 23-year-old contract that was signed at the pinnacle of the mining companies privatization, according to […]

Energy, Puma Energy (Z) PlcMarch 21, 2020

Puma underperforms despite expansionary strategy in 2019
Puma Energy Zambia Plc has reported a 5% fall in sales volumes for the financial year 2019 despite a sizable expansion budget, according to a statement from the company.   “For the year ended 31 December 2019, the Company recorded a profit after tax of K105,548 thousand compared to K115,133 thousand recorded in the previous […]

Energy, Puma Energy (Z) PlcMarch 8, 2020

Sidy resigns from Puma Board
Puma Energy Zambia Plc has announced the resignation of one of its Board Members, according to a statement from the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Puma Energy Zambia Plc (“the Board”) wishes to announce the resignation of Mr Sidy Bane as Director of the Board […]

Copperbelt Energy Corporation Plc, EnergyJanuary 4, 2020

CEC Zambia Plc signals acknowledgment to the ‘end of an era’
The only electricity generating company listed on the Lusaka Securities and Exchange has advised shareholders and stakeholders that the contract they have with national utility that provides it with the power it supplies both to domestic mining companies and exports to the Congo will be ending in March this year. CEC Plc which has prided […]

Energy, Puma Energy (Z) PlcNovember 26, 2019

Puma Energy Zambia Board announces Charmetant departure
Oil marketing company Puma Energy Zambia Plc has announced the resignation of Gregoire Charmetant as a director on the board, according to a statement from the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Puma Energy Zambia Plc (“the Board”) wishes to announce the resignation of Mr Gregoire […]

Economy, Energy, OpinionNovember 14, 2019

Mitigating the power deficit
–This article was originally published in Nkwazi Magazine It goes without saying that to ensure sustainable economic development, consistent electricity supply is necessary. While Zambia faces challenges in the provision of constant electricity supply, there are some signs of progress. An estimated 92 percent of the power generated in Zambia is hydroelectric, while the remainder […]

Copperbelt Energy Corporation Plc, EnergySeptember 29, 2019

CEC Zambia Plc and ZESCO Limited in arbitration over debt
Mining and export Power utility, CEC Zambia Plc, has informed its stakeholders that it has received notice of intention to arbitrate from ZESCO Limited over failure to liquidate debt it owes its main supplier and wheeler of power, according to a statement from the company.   “In accordance with Section 3.4(b) of the Lusaka Securities […]

Copperbelt Energy Corporation Plc, EnergySeptember 22, 2019

CEC Africa set for another weak 6 month performance on account of low Nigerian electricity tariffs
CEC Africa’s woes are poised to continue as the company reports another half-year of weak financial performance from their Nigerian operations.   “In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements the Board of Directors of CEC Africa Investments Limited hereby advises the Shareholders of the Company that the Earnings Per Share […]

Energy, Puma Energy (Z) PlcSeptember 17, 2019

Puma records increased revenue at half-year 2019
Petroleum company, Puma Energy Zambia Plc, announced a profit before tax of K78.27 million at half-year 2019 despite a 3.8% dip in volumes compared to its half-year performance. “The Company recorded for the half-year ended 30 June 2019 a profit before tax of K78.27 million compared to K61.48 million recorded in the previous financial year”, […]